Cholas MS gets best insurance company award

CHENNAI: Chola MS General Insurance part of the USD 3.8 billion Murugappa Group has received the Best Insurance Company award from the Union Labour Ministry for its "in time" claims settlement under the Rashtriya Swasthya Bima Yojana Scheme.

This award has been given for settling the claims "in time" for the hospitals offering cashless treatment facilities to the below poverty line (BPL) families in various districts across the country, a company statement here said.

The Chennai-based company received the award from Union Labour Minister Mallikarjuna Kharge at a function held recently in Raipur. Chola MS General Insurance was the only company to receive this award, it said.

"It's a very proud moment for us that the Government has recognised our claims service for its promptness and responsiveness. It is another milestone in our journey towards customer centricity. ", Chola MS Managing Director S S Gopalarathnam said.

Cholamandalam MS General Insurance Company is a Joint Venture between Murugappa Group and Mitsui Sumitomo Insurance Group of Japan. The company has 113 branches and 7,500 agents across the country, the statement added.